Trending Topic of Interest
Because of his broad work with real estate owners and operators throughout the country, George is keenly alert to trends affecting the real estate industry. One interesting trend George is following closely is how developers are acquiring land in markets with rapidly increasing land costs.
What he sees is an increase in real estate developers engaging in joint ventures with current land owners who have a low cost basis in their properties. The two partners share a common goal to redevelop a particular property, and the joint venture is able to obtain financing more efficiently than the developer could alone.
George is monitoring this interesting new pathway to property acquisition, redevelopment and ultimate improvement.